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  • Editor’s Picks / 03 March 2016 at 6:26 GMT

    China to build floating nuclear power station this year

    China Daily
    China will start construction of a floating nuclear power station by the end of this year, a senior corporate executive said. The facility, designed to power offshore oil and gas drilling, island development and remote areas, is scheduled to be put into operation in 2019, said National Nuclear Corporation chairman Sun Qin. The company holds all the intellectual property rights of the floating nuclear reactor, said Sun, a deputy to the National People's Congress, before the opening of the annual legislative session. Currently, China has 30 nuclear power generating units in operation and another 24 units are under construction, all on land.
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    4y
    Jeff Carnes Jeff Carnes
    The full article does not offer much details but this sounds somewhat dangerous. Nuclear power plants traditionally come with stigmas on its safety. A floating nuclear reactor?...
    4y
    alv alv
    It's ultimately no different to a nuclear powered icebreaker/aircraft carrier/etc... from the outside it'll probably just look like a big old ship just with a few...
  • Editor’s Picks / 18 January 2016 at 4:57 GMT

    Lifting of Iran sanctions: The force awakens

    The Straits Times
    The deal signed between Shi'ite-ruled Iran and the US, Britain, France, Russia, China plus Germany lifts years of crippling sanctions. With that, Iran will re-enter the world stage. It can claim back billions of dollars worth of its assets frozen overseas, resume exporting oil, rejoin the international banking system and import the software and infrastructural equipment it needs to grow. Iran's moderate President Hassan Rouhani was elected on the promise of getting rid of the sanctions. Post-sanctions, it is estimated that Iran can log annual growth rates of as much as 6%. To borrow a phrase from a blockbuster movie, Iran is about to become a force awakened.
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  • Editor’s Picks / 12 January 2016 at 5:43 GMT

    End to sanctions in sight as Xi plans Iran trip

    Nikkei Asian Review
    With the end to sanctions on Iran in sight, China's president Xi Jinping plans to visit late this month to prepare the way for businesses to follow. Xi hopes to be the first foreign leader travelling to the country after the sanctions are lifted, with potential stops in Saudi Arabia and Egypt as well. Business leaders are expected to accompany him to Iran. Tehran agreed to greatly scale back its nuclear program in exchange for sanctions relief in a deal with the US, the UK, France, Germany, Russia and China. EU foreign policy chief Federica Mogherini says the restrictions could end soon. Before such steps are taken, the IAEA must first verify that Iran has curbed its nuclear development.
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  • Editor’s Picks / 18 December 2015 at 2:01 GMT

    Paris pact pursues common good, sends market signal

    Nikkei Asian Review
    The Paris accord is a triumph for the environment and for multilateralism, says UN Secretary-General Ban Ki-moon. It is a health insurance policy for the planet. For the first time, every country has pledged to curb their emissions, and act internationally and domestically to address climate change. Together, countries have agreed that, in minimizing risks of climate change, the national interest is best served by pursuing the common good. I believe it is an example we could follow across the political agenda. The Paris Agreement gives markets the clear signal they need to scale up investments that will generate low-emissions, climate-resilient development.
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  • Editor’s Picks / 07 December 2015 at 0:14 GMT

    Paris talks look like recipe for successful climate deal

    The Guardian Australia
    Negotiators in Paris have cleared a major hurdle, producing a draft accord in record time and raising hopes that minister-led talks can now clinch a deal. No part of the deal has been finalised. It is likely to be a tradeoff and it remains littered with areas of disagreement. But the document handed to the French on Saturday has refined 50 pages to just over 20 and, unusually, was agreed on schedule, leaving a full week for ministers to reach agreement. China’s chief climate negotiator, Su Wei, said: “It has laid a solid foundation for next week … like when we cook a meal you need to have all the seasonings and ingredients and recipes, but next week is the actual cooking.”
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  • Editor’s Picks / 02 December 2015 at 22:56 GMT

    Investors flee fossil fuels, but banks pour cash into coal

    Business Spectator
    Institutional investors are fleeing fossil fuels even as some major banks pour money into coal, according to UN climate conference reports. Climate campaigner 350.org said in a statement “that investors are reading the writing on the wall and dramatically shifting capital away from fossil fuels and towards clean, renewable energy". At the same time, a separate report said banks were ploughing hundreds of billions each year into coal mining, with investments in renewables trailing far behind. The 12-day UN meeting, which kicked off with a summit of 150 world leaders, is tasked with beating back the threat of climate change and helping poor countries cope with its impact.
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  • Editor’s Picks / 13 November 2015 at 0:33 GMT

    Fossil fuels far from dead and buried, despite the spin

    Business Spectator
    A number of things stand out in the IEA ‘World Energy Outlook’ for those who want to bolster their point of view in the carbon wars. First, the global need for electricity will be much greater in 2040 than it is today. Second, far from being dead and buried, the role of fossil fuels will remain high even as the contribution of coal (in market share terms) falls. Collectively coal, gas and oil will deliver 54% of supply in 2040. Third, the rise of renewables will owe a great deal to hydro power. Fourth, conventional generation (coal, gas, hydro and nuclear) will hold 80% of the market. That's not what the community takes in when it reads ‘renewables to overtake’ headlines.
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  • Article / 15 July 2015 at 1:04 GMT

    Singapore Morning Report: Markets poised over China data

    Sales Trader / Saxo Bank
    Denmark
    Singapore Morning Report: Markets poised over China data
    There's a lot happening in many quarters today - over in Europe it's still about the Greek response to the rescue package and three big numbers are coming from China - retail sales, industrial production and GDP - which should drive everything in Asia today.
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